The Cabinet submitted to the Rada Tuesday a conservative budget for 2020 with a deficit of 2.09% of GDP. Previously, this figure was 2.28% in 2019 and 2.4% in 2018. Finance Minister Markarova told reporters: “The deficit of 2% of GDP is the same as we submitted for the first reading. The revenue side increased by 13 billion UAH [$520 million], the expenditure side – by 15 billion UAH [$600 million].” For new revenue, the draft budget allows for $120 million from legalized gambling and $240 million in from privatizations of state companies and sales of state properties.
The Cabinet submitted to the Rada Tuesday a conservative budget for 2020 with a deficit of 2.09% of GDP.
